Biden’s money machine, Trump’s legal bills and other takeaways from the 2024 money race

Former President Donald Trump is as strong a fundraiser as ever. But he is bleeding money on legal expenses.

Meanwhile, President Joe Biden has no shortage of political liabilities going into November, but new campaign finance filings show he is building a formidable cash machine.

Both men raised tens of millions of dollars in the last quarter of 2023, according to campaign finance reports filed Wednesday with the Federal Election Commission. But they’re spending that money in very different ways as they head toward a likely rematch.

Biden spent months...